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Buzz, do PE ratios really mean anything today? If they did, why is the Dow now over 16,000 given the state of the economy or corporate earning for the Dow Industrials? Also, Stockman is talking about price to earnings worldwide. It wasn't that long ago, early 90's that the safe PE ratios were in the 7 or 8 to 1 ratio.

Last edited by Franco; 11-27-2013 at 02:28 PM.

Collecting more taxes than is absolutely necessary is legalized robbery. Calvin Coolidge